The Federal Reserve handed down a large interest rate cut this week, dialing back the central bank's fight against inflation and signaling welcome relief for borrowers.
But the money supply is finally growing again, and its growth is accelerating. In April and May, the M2 money supply grew 0.6% year over year. That climbed to 1% in June and 1.3% in July.
Mortgage rates have fallen significantly but could drop even further in 2025. Find out what it could mean for you.